Sep, 30, 2025 — PROPONENT FEDERAL CREDIT UNION is a federal credit union headquartered in NUTLEY, NJ with 3 branch locations and about $508.62 million in total assets. Opened 55 years ago in 1971, PROPONENT FEDERAL CREDIT UNION has about 18,691 members and employs 62 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PROPONENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Metro Blvd NUTLEY, NJ 07110 |
| Phone: | (973) 338-1133 |
| Fax: | |
| Website: | https://www.profcu.org |
| Branches: | 3 branch locations |
| Members: | 18,691 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20448 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $508,623,831 |
| CEO/Manager: | Debra A VanDorn |
| Chairperson: | Sharon Delaney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,693,680 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 321,119,995 |
| Unsecured Loans | 33,269,473 |
| Other Loans | 44,048,468 |
| TOTAL LOANS | 398,437,936 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,321,681 |
| Land And Building | 25,430,065 |
| Other Fixed Assets | 684,516 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,977,982 |
| All Other Assets | 428,778 |
| TOTAL ASSETS | 508,623,831 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 40,645 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,819,563 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 80,241,891 |
| Regular shares | 131,696,674 |
| All Other Shares & Deposits | 213,469,826 |
| TOTAL SHARES & DEPOSITS | 425,408,391 |
| TOTAL LIABILITIES | 441,268,599 |
| Regular Reserve | 0 |
| Other Reserves | -3,289,231 |
| Undivided Earnings | 70,644,463 |
| TOTAL EQUITY | 67,355,232 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 508,623,831 |
| INCOME & EXPENSE | |
| Loan Income | 16,838,023 |
| Investment Income | 1,790,756 |
| Other Income | 2,517,027 |
| Total Employee Compensation & Benefits | 7,019,557 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,618,452 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,160,728 |
| Cost of Funds | 5,268,657 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 96,243 |
| ↑ Back to Top | |